Kofax Provides Leading Global Fast Food Restaurant Chain with Distributed Capture Solution to Automate Invoice Processing
Solution Allows Capture, Extraction and Classification of Data from More Than 600,000 Invoices Originating Annually from 11 Global Service Support Sites
IRVINE, Calif.–(BUSINESS WIRE)– Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, today announced it will provide one of the world?s largest fast food franchise restaurant chains based in the U.S. with a distributed capture solution to automate its invoice processing. The value of the contract to Kofax is more than $453,000.
The organization will use Kofax software to capture and extract data from more than 600,000 incoming paper invoices received annually in one of six languages at 11 of the company?s global support center sites. The resulting data will be transformed into structured electronic information and then exported into a centralized SAP invoice management system.
Capturing documents remotely will enable the company to improve operational efficiency and data accuracy by reducing labor-intensive, manual processing tasks. It will also accelerate processing and turnaround times, enabling the company to improve cash management, maintain vendor relationships and leverage early payment discounts.
„Large global restaurant chains and franchise organizations recognize that electronically capturing and processing invoices where they originate reduces operational costs and improves profitability,? said Alan Kerr, Executive Vice President of Field Operations at Kofax. „Manual invoice processing is time-consuming and error prone, especially in complex distributed environments. By automating these processes, we allow our customers to take costs out of their operations and redeploy staff to other essential functions, leading to increased productivity and faster ROI.?
About Kofax
Kofax plc (LSE: KFX) is the leading provider of document driven business process automation solutions. For more than 20 years, Kofax has provided award-winning solutions that streamline the flow of information throughout an organization by managing the capture, transformation and exchange of business-critical information arising in paper, fax and electronic formats in a more accurate, timely and cost-effective manner. These solutions provide a rapid return on investment to thousands of customers in financial services, government, business process outsourcing, healthcare, supply chain and other markets. Kofax delivers these solutions through its own sales and service organizations, and a global network of more than 1000 authorized partners in more than 60 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit www.kofax.com.
„Kofax? is a registered trademark in the US, the EU and other countries. All other trademarks and registered trademarks belong to their respective owners.
Investor Contact:
Stefan Gaiser, Chief Financial Officer
+49 (0) 761 45 269 193
stefan.gaiser@kofax.com
Media Contact:
Michael Troncale, Director, Corporate Communications
+1 949-783-1434
michael.troncale@kofax.com
